Ohmyhome, a Singaporean real estate platform, has filed to list its shares in the US in an IPO valued at up to US $16.5 million. Ohmyhome, a Singaporean real estate platform, has filed to list its shares in the US in an IPO valued at up to US $16.5 million.
According to the company’s petition, it plans to sell 3.3 million shares for between $4 and $5 each. Under the symbol “OMH,” it intends to list its shares on the Nasdaq.
The offering’s main managing underwriter and book-runner is Spartan Capital Securities.
Ohmyhome reported US $2.4 million in total sales for the six months that ended June 30 of this year, an increase from US $1.7 million during the same period in 2021, according to the filing.
In contrast, its net loss doubled from the US $365,000 it posted in H1 2021 to roughly US $700,000 in the first half of 2022.
In the filing, Ohmyhome also stated that it aspires to become a “property super app” and be present throughout customers’ journeys, from the first listing through the actual transaction of the property as well as its upkeep.
Swettenham Blue led the $5 million series A+ fundraising round that the company completed in 2021.